Wakefield, VA Surety Bonds

Get a fast suretybond quote fromPro Surety Bondbefore you buy. We specialize in all types of Contract and Construction Bonds including Payment and Performance Bonds, Subdivision and Off Site Bonds, Bid Bonds, License and Permit Bonds, Court Bonds, Fidelity Bonds and all types of Miscellaneous Surety Bonds.Why wait any longer to call pro surety at800-314-7003bond if you're buying a surety bond?There's no reason not to call.Call the Wakefield Surety Bond Pros at800-314-7003!

The Most Trusted Name In Wakefield Surety Bonds

Call800-314-7003!What is a surety bond? Surety bonds compel a party to financially comply to an agreement. If you are in the fuel refinement business, you must collect taxes for the department of revenue. If you don’t make your deposits according to schedule, the government needs a way of being recompensed, and the surety bond is the most common way of doing that. Since these types of defaults are not particularly common, especially if the party making the promise is financially sound, the surety has no problem stepping in and acting in your place if a claim needs to be paid. The surety can simply forward you a short-term loan and you can pay them back afterward. Pro Surety Bond has over 25 years of combined industry experience. Call even if you are concerned that you cannot be bonded at a decent price with a poor credit report.Call800-314-7003!

Bidding Opportunities in Wakefield

If you are bidding on public projects for the City of Wakefield you may be required to post a Bid Bond. The Bid Bond guarantees you will be able to provide the Performance Bonds required in the event you are the low bidder. In essence the Bid Bond pre-qualifies you for the work you are bidding on. Not all jobs require bonding but if they do we can assist you with Bid Bonds, and subsequent Performance and Payment Bonds as required by the state. Please call the Contract Bond Team at Pro Surety Bond for more information.

The City Of Wakefield, Virginia

Wakefield is a census-designated place in Fairfax County and it is the 97th most populous in the Commonwealth of Virginia. Wakefield in widely known because of its identification with Wakefield Chapel, a Methodist Church built in 1899. If you want to live in Wakefield, you’ll be happy to know that it has a crime rate that is about two-thirds lower than the rest of the state and about three-quarters lower than the national average, making it about 85% safer than the rest of the country. Of course, you must keep in mind that the cost of living here is pretty high, with housing about double the national average and 40% above the state average.

What does ‘licensed and bonded’ mean? In truth they are more or less the same. In most states, you need to be bonded in order to get a license, at least if you own a business. But what it tells you is that the business you are dealing with has the ability to financially back its work through the bond. Many though not all bonds cover the public at large, and the government makes companies in certain industries have bonds to cover the public against fraudulent practices on the part of the business. Keep in mind also that some bonds that cover the public are elective. Call the Wakefield Surety Bond Pros Today at800-314-7003!

Why would I buy a bond if it wasn’t necessary? Not all businesses need bonds to cover the public against fraudulent behavior on the part of the business in question. These are needed mostly by “problem” industries like car sales. Nevertheless, if you own a business that sends employees to the site of another business, like a janitorial business that works on a client’s site, you might want to cover yourself. There are in fact janitorial bonds, also known as service bonds, which cover your clients; they are not usually required, but they tell your clients that you are serious about their security.

Pro Surety Bond For All Wakefield Surety Bond Requirements

Are letters of credit any good? Letters of credit are occasionally referred to as an alternative to surety bonds, and they are to an extent, but to what extent? First of all, letters of credit are not really credit, they are like security deposits, and that means they have to be secured. Surety bonds as a rule require no security, because sureties recognize that those with good financials are unlikely to default on commitments. Letters of Credit has issued through banks, which are not in the guarantee business, and if someone wants to make a claim against your letter of credit, all they have to do is produce some requisite paperwork and the claim is paid. If you disagree with that, you have to take the claimant to court.Give us a call at800-314-7003